Best of the Brokers for 20 January 2015

To appear in Best of the Brokers, email your research to notes@cityam.com

PEARSON
Ahead of Pearson’s interims this week, Westhouse Securities has maintained its “sell” rating for the multinational publisher. “We remain concerned that disruption in several key markets and execution challenges entailed in its deep rooted transition into a digital learning company could overshadow Pearson’s exposure to solid long-term growth in global learning spend,” said Roddy Davidson.

SDL
Canaccord Genuity has maintained its “hold” rating for software and service solutions firm SDL, after the company showed profitability was ahead of expectations in a trading update yesterday. Analysts Arun George and Bob Liao said: “We believe SDL needs to grow into its current rating by demonstrating that the ongoing recovery due to the turnaround programme is sustainable.”

4IMPRINT
FinnCap has maintained its “buy” recommendation for international promotional products marketer 4imprint, after the firm detailed above-expectation profit before tax last week. “4imprint has very substantial growth potential,” said analyst Guy Hewett.